Word: braziller
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Dates: during 1980-1989
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Members of a Soviet gymnastics team touring Brazil spoke more candidly than their fellow athletes back home. Said Alexander Ditiatin, winner of a record eight medals at the 1980 Olympics: "I hope it's not true. After all, we have been preparing ourselves for such a long time, and all that work can't be thrown away...
...crisis of the 1970s and the global recession of the early 1980s have turned the IMF into the Third World's principal banker. After OPEC quadrupled oil prices in 1973, developing countries like Brazil borrowed heavily from private banks, in part to pay their steep oil bills. Meanwhile, Mexico and other poor countries with large oil reserves felt themselves suddenly rich and sought money to finance ambitious development projects...
...admirer has called him "the referee in an international game of chicken." His most important contribution to containing the debt problem has been to coerce banks into lending more to the most troubled countries. He got them to give an additional $8.8 billion to Mexico and $6.5 billion to Brazil...
...competition goes, "the top collegiate level is just as good as any international junior competition," added Stanley, whose credits include winning Brazil's Banana Bowl last year and placing high in both the Junior Wimbledon and the Junior U.S. Open tournaments...
Such arguments were persuasive to Brazil's military government. "Everyone began to realize that in the future there would be those countries that were information producers and those that were just consumers," says Colonel Joubert de Oliveira Brizida, director of the Brazilian agency that sets data-processing policy. "We knew we couldn't become a full-fledged member of the international computer club overnight, but we didn't want to be left behind completely...